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Junk Bonds

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  • Energy junk bonds find eager buyers Wednesday, 8 Apr 2015 | 6:51 PM ET
    An oil worker in Mentone, Texas.

    The dangers stalking the oil industry are already reflected in the price of US energy junk bonds. Financial Times reports.

  • Jumping on junk: Investors crazy for high yield Monday, 30 Mar 2015 | 1:51 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on March 18, 2015 in New York City.

    The supply of U.S. companies with junk-rated debt is rising just as investor demand for higher yields is climbing.

  • Play corporate bonds for the short term: Goldman Sunday, 29 Mar 2015 | 11:27 PM ET

    While corporate bonds may not look terribly attractive amid rising rate expectations, Goldman tips a good performance – but only in the short term.

  • Junk bond market defies skeptics Wednesday, 18 Mar 2015 | 11:28 AM ET
    Traders work on the floor of the New York Stock Exchange.

    There has been no sting in the tail for investors willing to bet on US high-yield bonds during 2015, the Financial Times reports.

  • SYDNEY/ NEW YORK, March 18- Australia's Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, pulled a $2.5 billion high-yield bond issue after investors rattled by tumbling ore prices balked at the offer, sending its shares to six-year lows. The scrapped refinancing deal is the latest sign of anxiety about massive oversupply in the iron ore...

  • SYDNEY/ NEW YORK, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors worried about tumbling iron ore prices. Fortescue, which had net debt of $7.5 billion at Dec. 31, had been looking to push out any debt repayments by up to four years to 2021 and cut its...

  • NEW YORK/ SYDNEY, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors who were concerned about a sharp drop in iron ore prices. Investment banks Credit Suisse and JP Morgan, lead managers for the issue, had first tried to arrange refinance for Fortescue...

  • Citi: Here's why these shares could surge 70% Tuesday, 10 Mar 2015 | 8:26 AM ET
    A trader at the Frankfurt Stock Exchange

    The European economy may appear mired in low growth and low-flation, but shares there may surge as much as 70 percent by end-2016, Citigroup said.

  • *Barclays move prompted by Moody's downgrade. LONDON, Feb 24- Barclays will remove Russian foreign currency debt from its global bond indexes, putting it off-limits for many international investors, after Moody's became the second agency to downgrade the country's credit rating to junk. "The downgrade does signal more limited access and higher costs for hard...

  • LONDON, Feb 23- Russian dollar bonds fell as much 2.5 cents on Monday after Moody's became the second agency to cut their credit rating to junk while Ukrainian debt also fell, hitting new record lows. Moody's downgraded Russia to Ba1 from Baa3 late on Friday, citing the impact from the Ukraine crisis as well as the steep fall in oil prices and the rouble.

  • MUMBAI, Feb 23- India must boost growth, cut its fiscal deficit and fulfil promises of financial and fiscal reforms in order to justify an upgrade in a credit rating, currently lodged one rung above junk bond territory, rating agency Standard& Poor's said on Monday. S&P raised India's credit rating outlook to' stable' from' negative' in September, citing the prospect...

  • MOSCOW, Feb 21- Moody's Investors Service's downgrade of Russia's sovereign rating was based on "factors of a political character," Russian Finance Minister Anton Siluanov said on Saturday following news that the credit ratings agency had cut the rating to below investment grade. Moody's downgraded Russia's sovereign rating to Ba1 from Baa3, citing the...

  • Feb 19- Ratings agency Moody's cut Puerto Rico's debt rating further into junk on Thursday, saying the risk of a default had risen ahead of upcoming bond payments due to revenue shortfalls, sluggish economic growth and narrowing liquidity. The move by Moody's, which affects $48 billion across a wide range of Puerto Rico's debt, is another blow to the U.S....

  • A man walks past an electronic board displaying share prices at the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, on Thursday, April 10, 2014.

    An Indonesian telecom found a way to restructure its debt over creditor objections: it loaned itself money and counted its own votes toward approval.

  • A legendary scandal: Where are they now? Friday, 13 Feb 2015 | 9:31 AM ET
    Michael Milken 1989

    Drexel collapsed 25 years ago, but alumni of the once powerful investment bank are now in some of Wall Street's most powerful posts.

  • Faber Report: Demise of Drexel   Friday, 13 Feb 2015 | 9:17 AM ET
    Faber Report: Demise of Drexel

    CNBC's David Faber takes a look back at the collapse of Drexel Burnham 25 years ago.

  • Is it time to get back into energy bonds? Thursday, 12 Feb 2015 | 10:24 PM ET

    Energy bonds took a hit from fears low oil prices would spur a surge in defaults, but most issuers should stay resilient, Goldman Sachs said.

  • MOSCOW, Feb 5- The rouble fell and shares declined on Thursday after oil dropped more than $1 per barrel on global markets and Standard& Poor's rating agency cut the ratings of some of Russia's top companies to junk. The downgrade came after S&P cut Russia's sovereign rating to junk last month, bringing it below investment grade for the first time in a decade on...

  • LONDON, Feb 2- Russian debt insurance costs and yield spreads on sovereign dollar bonds are near six-year highs, surpassing those of countries such as Pakistan whose credit ratings are several notches lower. Russia is rated Baa3 by Moody's and BBB- by Fitch, their lowest investment-grade ratings, while Standard& Poor's cut its rating to a "junk" grade BB+ last week.

  • LONDON, Jan 29- Credit ratings for a swathe of developing economies are at risk of falling into "junk" status and out of the top investment grade league, with up to a tenth of outstanding emerging market bonds possibly affected. Moreover, almost $1 trillion worth of securities would be affected if emerging entities with ratings of BBB/Baa2- two notches above junk-...